‘Corporate Courts’ still alive, EC rejects demands of people and UN

12 November 2015 - 2:15pm
Press release

The European Commission’s proposal for an ‘Investment Court System' is not an alternative system to investor-state dispute settlement (ISDS) – it is simply a new version of ISDS.

Under the proposal, ISDS remains a system where only big business can sue states, and not the other way around. It remains a private justice system which destroys the long-held principle of equality before the law.

War on Want Trade Campaigner Mark Dearn said: “UN independent experts have already said ISDS ‘should be abolished’, highlighted how rulings go against human rights law and stated that arbitration disputes should be settled by domestic courts.

“The European Commission received the biggest ever response to one of its consultations when it asked the people of Europe whether they wanted ISDS. The response was unequivocal: 97% of people rejected the system.

“Nobody will be fooled by this cosmetic reform. The anti-democratic European Commission clearly has no interest in the wishes of the people of Europe.”

ENDS

 

Notes for Editors

For further information and interviews, contact John Hilary on +44 7983 550727 or Mark Dearn on +44 7804 289680.

For more information on TTIP, visit: http://www.waronwant.org/what-ttip

More than 3.3 million people across Europe have signed a European Citizens’ Initiative against TTIP. For more information: http://www.waronwant.org/say-no-ttip

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